short vs long yield curve has gone bonkers
Probably maxed out here.
Due primarily to plummeting t-bills 90 day discount rate:
This is probably indicative now of a reversal in the short end of the curve. What i’ve done is remove 90% of my financial put positions and bought last week some of those dips, primarily the XLF & C. The game has changed slightly, don’t think it hasn’t. The next bounce up in the commodities will be met with stiff selling. I was aggressively buying the oversold dips late in the day Thursday - especially SLV in my IRA & Mac’s stuff. This level seems decent, but if it folds, ST players will bail fast. 1/3rd cash.
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